4,419 Carlisle Companies Incorporated $CSL Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 86.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 669 shares of the conglomerate’s stock after selling 4,419 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carlisle Companies were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Carlisle Companies during the 2nd quarter worth about $1,499,602,000. Bank of New York Mellon Corp bought a new position in shares of Carlisle Companies in the 2nd quarter valued at about $405,245,000. Madison Asset Management LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $152,865,000. Bank of America Corp DE acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $93,493,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Carlisle Companies in the second quarter valued at about $90,431,000. 89.52% of the stock is owned by institutional investors.

Carlisle Companies Stock Performance

Shares of CSL opened at $345.11 on Friday. The company has a market cap of $13.70 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.84. The firm has a 50-day moving average of $337.14 and a 200-day moving average of $347.11. Carlisle Companies Incorporated has a one year low of $293.43 and a one year high of $432.91. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.60 and a quick ratio of 2.04.

Carlisle Companies (NYSE:CSL) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $7.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.35 by $0.68. Carlisle Companies had a net margin of 14.21% and a return on equity of 47.58%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm earned $6.27 EPS. Carlisle Companies’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Carlisle Companies Incorporated will post 21.16 earnings per share for the current year.

Carlisle Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. This is a boost from Carlisle Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, August 19th. Carlisle Companies’s dividend payout ratio (DPR) is presently 28.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. DA Davidson set a $355.00 price target on Carlisle Companies in a research report on Friday, October 9th. Robert W. Baird lowered their price target on Carlisle Companies from $412.00 to $402.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings upgraded Carlisle Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Truist Financial dropped their price objective on Carlisle Companies from $360.00 to $340.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Carlisle Companies currently has an average rating of “Moderate Buy” and a consensus target price of $394.50.

Carlisle Companies Company Profile

Carlisle Companies Incorporated is a diversified manufacturer focused primarily on products and solutions for the building envelope. Through its construction materials businesses, the company supplies commercial and residential roofing systems, insulation, waterproofing products, air and vapor barriers, and related components designed to improve the energy efficiency, durability, and performance of buildings.

Carlisle’s product portfolio includes single-ply roofing membranes, roof coatings, metal roofing systems, polyisocyanurate and expanded polystyrene insulation, sealants, and other building-envelope products.